Member of the Bank of England's monetary policy committee, Michael Saunders, believes that if a smooth Brexit process occurs, the British regulator will have to raise interest rates in the coming years faster than investors' expectations, Dow Jones writes. He predicts the achievement of full employment and faster wage increases, which, according to him, will lead to an increase in inflationary pressure. Saunders pointed out that the British economy will receive a strong impetus as a result of the country's smooth withdrawal from the European Union. If the withdrawal is erratic, then we can expect a reduction in investment and a reduction in hiring.
Pandemic crisis to hit economic growth in Asia, China, World Bank says30.03.2020
New Zealand central bank increases liquidity for businesses30.03.2020
HK Dollar outperforms the Greenback, bolstered by high loan rates and low market liquidity27.03.2020
Reserve Bank of India slashes interest rates in urgent bid to bolster virus-hit economy